Brazil Potash Corp. Appoints Mayo Schmidt as Executive Chairman of the Board of Directors
Brazil Potash Corp. (NYSE-American: GRO) has appointed Mayo Schmidt as Executive Chairman of its Board of Directors, effective January 6, 2025. Schmidt, former Chairman and CEO of Nutrien , brings extensive experience in global agriculture and fertilizer manufacturing. He replaces Stan Bharti, who will transition to Chairman of the Company's Advisory Board.
The appointment follows Brazil Potash's recent NYSE American listing and aligns with the company's progress toward constructing its Autazes Potash Project. Schmidt's career highlights include leading Nutrien ($34B market cap), overseeing Hydro One's IPO with $250M in cost reductions, and transforming Viterra Inc. into a $7.3B global His experience spans roles at major companies including General Mills and ConAgra.
Brazil Potash Corp. (NYSE-American: GRO) ha nominato Mayo Schmidt come Presidente Esecutivo del Consiglio di Amministrazione, con effetto dal 6 gennaio 2025. Schmidt, ex Presidente e CEO di Nutrien, porta con sé una vasta esperienza nel settore agricolo globale e nella produzione di fertilizzanti. Succede a Stan Bharti, che passerà a ricoprire il ruolo di Presidente del Consiglio Consultivo dell’azienda.
Questa nomina arriva dopo la recente quotazione di Brazil Potash al NYSE American e si allinea con i progressi della società nella costruzione del Progetto di Potassio di Autazes. I punti salienti della carriera di Schmidt includono la guida di Nutrien (con una capitalizzazione di mercato di 34 miliardi di dollari), la supervisione dell'IPO di Hydro One con 250 milioni di dollari in riduzioni di costi e la trasformazione di Viterra Inc. in una realtà globale da 7,3 miliardi di dollari. La sua esperienza si estende a ruoli in importanti aziende tra cui General Mills e ConAgra.
Brazil Potash Corp. (NYSE-American: GRO) ha nombrado a Mayo Schmidt como Presidente Ejecutivo de su Junta Directiva, efectivo a partir del 6 de enero de 2025. Schmidt, ex Presidente y CEO de Nutrien, aporta una amplia experiencia en la agricultura global y la fabricación de fertilizantes. Reemplaza a Stan Bharti, quien pasará a ser Presidente del Consejo Asesor de la Compañía.
Este nombramiento sigue a la reciente cotización de Brazil Potash en NYSE American y se alinea con el progreso de la empresa hacia la construcción de su Proyecto de Potasio Autazes. Los aspectos más destacados de la carrera de Schmidt incluyen liderar Nutrien (con una capitalización de mercado de 34 mil millones de dólares), supervisar la salida a bolsa de Hydro One con 250 millones de dólares en reducciones de costos, y transformar Viterra Inc. en una empresa global de 7,3 mil millones de dólares. Su experiencia abarca roles en grandes compañías como General Mills y ConAgra.
브라질 포타시 주식회사 (NYSE-American: GRO)는 메이오 슈미트(Mayo Schmidt)를 이사회 의장으로 임명했습니다. 이는 2025년 1월 6일부터 효력이 발생합니다. 슈미트는 전 Nutrien 의장 및 CEO로서, 전 세계 농업 및 비료 제조 분야에서 막대한 경험을 보유하고 있습니다. 그는 스탠 바르티(Stan Bharti)를 대체하며, 바르티는 회사 자문 위원회 의장으로 이동하게 됩니다.
이 임명은 브라질 포타시의 최근 NYSE American 상장에 이어 이루어졌으며, 아우타제스 포타시 프로젝트 건설을 향한 회사의 진행 상황과 일치합니다. 슈미트의 경력 하이라이트에는 Nutrien(340억 달러의 시가 총액) 주도, 2억 5천만 달러의 비용 절감을 기록한 Hydro One의 IPO 감독, Viterra Inc.를 73억 달러의 글로벌 기업으로 변화시키는 것이 포함됩니다. 그의 경험은 제너럴 밀스(General Mills)와 코나그라(ConAgra)와 같은 주요 기업에서의 역할을 포함합니다.
Brazil Potash Corp. (NYSE-American: GRO) a nommé Mayo Schmidt au poste de Président Exécutif de son Conseil d'Administration, à compter du 6 janvier 2025. Schmidt, ancien Président et PDG de Nutrien, apporte une grande expérience dans l'agriculture mondiale et la fabrication d'engrais. Il remplace Stan Bharti, qui deviendra Président du Conseil Consultatif de l'entreprise.
Cette nomination intervient après la récente cotation de Brazil Potash sur le NYSE American et s'inscrit dans le cadre des progrès de la société dans la construction de son Projet de Potasse d'Autazes. Les principaux temps forts de la carrière de Schmidt incluent la direction de Nutrien (avec une capitalisation boursière de 34 milliards de dollars), la supervision de l'introduction en bourse de Hydro One avec 250 millions de dollars d'économies de coûts, et la transformation de Viterra Inc. en une entreprise mondiale de 7,3 milliards de dollars. Son expérience couvre également des postes dans de grandes entreprises telles que General Mills et ConAgra.
Brazil Potash Corp. (NYSE-American: GRO) hat Mayo Schmidt zum Executive Chairman seines Board of Directors ernannt, der ab dem 6. Januar 2025 in Kraft tritt. Schmidt, ehemaliger Chairman und CEO von Nutrien, bringt umfangreiche Erfahrung in der globalen Landwirtschaft und der Düngemittelherstellung mit. Er ersetzt Stan Bharti, der zum Chairman des Unternehmensberatungsrats wechselt.
Die Ernennung erfolgt nach der kürzlichen Notierung von Brazil Potash an der NYSE American und passt zu den Fortschritten des Unternehmens beim Bau des Autazes-Kaliumprojekts. Zu den Höhepunkten von Schmidts Karriere gehören die Leitung von Nutrien (mit einer Marktkapitalisierung von 34 Milliarden US-Dollar), die Aufsicht über den IPO von Hydro One mit 250 Millionen US-Dollar Kosteneinsparungen und die Transformation von Viterra Inc. in ein globales Unternehmen im Wert von 7,3 Milliarden US-Dollar. Seine Erfahrung umfasst auch Positionen in großen Unternehmen wie General Mills und ConAgra.
- Appointment of experienced executive with proven track record in fertilizer industry
- Strategic timing post-IPO and during construction phase of Autazes Project
- New chairman brings significant M&A experience, having completed over 20 accretive acquisitions at Viterra
- Executive's background includes successful cost reduction initiatives ($250M at Hydro One)
- None.
MANAUS, Brazil, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Brazil Potash Corp. (“Brazil Potash” or the “Company”) (NYSE-American: GRO), an exploration and development company with a potash mining project located in the state of Amazonas, Brazil, today announced the appointment of Mayo Schmidt as Executive Chairman of its Board of Directors, effective January 6, 2025. Mr. Schmidt, former Chairman and Chief Executive Officer of Nutrien Ltd., brings extensive executive leadership experience in global agriculture, fertilizer manufacturing, and public company governance to Brazil Potash. Effective January 6, 2025, Stan Bharti, who has served as Executive Chairman, will step down as a director of the Company and will assume the role of Chairman of the Company's Advisory Board.
Mr. Schmidt's appointment follows Brazil Potash's recent initial public offering and listing on the NYSE American and coincides with the Company's advancement toward construction of its Autazes Potash Project.
"Mayo’s appointment represents a significant milestone in Brazil Potash's corporate development," said Matt Simpson, Chief Executive Officer of Brazil Potash. "His distinguished record building global agricultural businesses and deep expertise in the fertilizer sector are invaluable. We look forward to benefiting from his vast experience as the Company progresses in its next phases of growth as we aim to build Brazil's premier domestic potash supplier."
Mr. Schmidt added, "Brazil Potash presents an extraordinary opportunity to address a critical component of global food security. The Company's strategic position—with its construction-ready status and strong stakeholder support—creates a compelling platform to develop a crucial domestic supply of potash for Brazil's agricultural sector. I look forward to working alongside the Board and management team to advance this strategically vital project."
Mr. Schmidt's distinguished career spans three decades of transformational leadership in global agriculture, energy, and supply chain management. Most recently as Chairman of the Board for VersaCold, Canada's largest temperature-sensitive supply chain company.
From 2013 to 2021, Mr. Schmidt served in a number of roles with Nutrien Ltd., the world's largest fertilizer manufacturer with a ~
About Brazil Potash
Brazil Potash is an exploration and development company with a potash mining project (the “Autazes Project”) located in the state of Amazonas, Brazil. The Company’s technical operations are based in Autazes, Amazonas, Brazil and Belo Horizonte, Minas Gerais, Brazil, and its corporate office is in Toronto, Ontario, Canada. The Company is in the pre-revenue development stage and has not yet commenced any mining operations. The Company’s plan of operations for the next few years includes securing all required environmental licenses for the Autazes Project, and, subject to securing sufficient funds, commencing all phases of the construction of the Autazes Project.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements, which are statements that are not historical facts. Words such as “expects”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. Such forward-looking statements,
including statements relating to the appointment of Mr. Schmidt as Chairman of the Company and the resignation of Mr. Bharti as Chairman and the benefits of such transition, are subject to risks and uncertainties, many of which are beyond the control of the Company, including those described in the “Risk Factors” section of the Company’s registration statement on Form F-1, as amended, for the IPO filed with the SEC and the supplemented PREP prospectus filed in each of the provinces and territories of Canada, other than Québec. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, unless required by law.
Contact:
Brazil Potash Investor Relations
info@brazilpotash.com
FAQ
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